M&A Deal Summary

Morgan Stanley Capital Partners Acquires Alliance Technical Group

On July 20, 2021, private equity firm Morgan Stanley Capital Partners acquired test/measurement equipment company Alliance Technical Group from Align Capital Partners

Acquisition Highlights
  • This is Morgan Stanley Capital Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Morgan Stanley Capital Partners’ 38th transaction in the United States.
  • This is Morgan Stanley Capital Partners’ 1st transaction in Alabama.

M&A Deal Summary
Date 2021-07-20
Target Alliance Technical Group
Sector Test/Measurement Equipment
Buyer(s) Morgan Stanley Capital Partners
Sellers(s) Align Capital Partners
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
McGuireWoods LLP (Legal)

Target

Alliance Technical Group

Decatur, Alabama, United States
website
Alliance Technical Group is a provider of air emissions testing and monitoring solutions to customers throughout the United States. With expertise in a variety of end markets, Alliance is focused on people, process, and technology to provide unparalleled response and service to assist customers with meeting their air compliance and risk reduction goals. Alliance Technical Group was formed in 2000 and is based in Decatur, Alabama.

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Buyer(S) 1

Buyer

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 41 of 46
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 13 of 15
State (Alabama) 1 of 1
Country (United States) 38 of 43
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Sila Heating & Air Conditioning

King of Prussia, Pennsylvania, United States

Sila Heating & Air Conditioning is a provider of residential HVAC, plumbing, indoor air quality, and home automation systems. Sila Heating & Air Conditioning was founded in 1989 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 PPC Flexible Packaging

Buffalo Grove, Illinois, United States

PPC Flexible Packaging is a provider of converted flexible packaging for the healthcare, medical, organic snack, pet food, bakery and produces markets. The company excels in the design and manufacture of value-added printed, laminated and stand up pouch packaging for the most demanding applications. Recognized for its focus on exceptional speed to market, it excels in delivering service, quality, and technology to its valued customer base. PPC Flexible Packaging was founded in 1968 and is based in Buffalo Grove, Illinois.

Sell -

Seller(S) 1

SELLER

Align Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2016
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Align Capital Partners is a private equity firm focused on growth-oriented companies with recurring products and services. Align will consider companies with $3 to $10 million of EBITDA headquartered in the US or Canada. Sectors of interest include aerospace, defense, medical products, energy services, business services, chemicals, packaging, building materials, transportation, utility products/services, niche manufacturing, and value-added distributors. Align Capital Partners is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 6
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 6
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Electronic Transaction Consultants

Richardson, Texas, United States

Electronic Transaction Consultants is a technology solutions provider for the mobility and transportation industries. ETC's solutions process over 2 billion transactions annually, incorporating the latest in open-source machine learning and data streaming technology, with predictive Big Data analytics to offer innovative architectures comprising our riteSuite products. Electronic Transaction Consultants was founded in 1999 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Electronic Transaction Consultants

Richardson, Texas, United States

Electronic Transaction Consultants is a technology solutions provider for the mobility and transportation industries. ETC's solutions process over 2 billion transactions annually, incorporating the latest in open-source machine learning and data streaming technology, with predictive Big Data analytics to offer innovative architectures comprising our riteSuite products. Electronic Transaction Consultants was founded in 1999 and is based in Richardson, Texas.

Sell $150M
Mergr

Product

Company

Legal